Trump said the stock market would have ‘crashed’ if he wasn’t elected in 2016 — but one chart shows why that’s a wild claim

Trump said the stock market would have 'crashed' if he wasn't elected in 2016 — but one chart shows why that's a wild claim
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President Trump on Tuesday delivered a rambling White House speech that saw him weigh in on stock-market performance. He said the market would have “crashed” if he wasn’t elected in 2016, and credited his administration’s policies for encouraging its continued expansion. Here is one chart that shows why its a wild claim. Visit Business Insider’s homepage for more stories . President Trump took a victory lap at a rambling White House speech after his Senate acquittal on Thursday. He veered from one subject to another in an event that resembled a campaign rally, boasting of his resilience in the face of Democratic-led “witch hunts” and later complimented the physique of a Republican lawmaker. But Trump also decided to weigh in on stock market performance, one of his favourite scorecards to show the administration’s economic policies are accelerating growth. “If we didn’t win, the stock market would have crashed, and the market was going up a lot before the election because it was looking like we had a good chance to win, and it went up tremendously from the time we won the election to when we took office … it was all to our credit,” he said. But that claim is highly misleading. The stock market recovered after the Great Recession under President Obama and has undergone sustained growth in the decade since, as shown in the chart below. The S&P 500 , an accepted gauge of market expansion, has climbed 46.3% since Trump took office in 2017 – […]

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